Room to run

From Business Insider:

The Fed brought some relief to the housing market

The Federal Reserve’s forecast for easing monetary policy in 2024 fueled stocks to new highs, dragged bond yields lower, and sparked a fresh wave of exuberance across Wall Street. 

But the housing market is also getting some needed relief from the forecast of lower interest rates in 2024. 

While the Fed kept its benchmark rate unchanged on Wednesday, its Summary of Economic Projections nodded to the potential for as many as three rate cuts next year. Daily rates on the 30-year fixed mortgage dipped to 6.82% on Thursday, according to Mortgage News Daily, the lowest since May.

Yet it is still possible a sharp drop in mortgage rates throws the housing market further out of whack in the near term, with lower rates opening the gates to a flood of demand before more supply comes online. 

“If rates come down too much — and mortgage rates follow — we’ll see the current supply-demand imbalance exacerbated as pent-up demand gets released into an undersupplied market, putting upward pressure on home values – and inflation,” Jack Macdowell, chief investment officer at Palisades Group, wrote in a note Wednesday. 

“Until mortgage rates drop below 6%, it is unlikely that pent-up deferred sales will meaningfully contribute to supply,” Macdowell added.

Real estate group Redfin has forecasted mortgage rates to drop into the mid-6% range in 2024, and Wednesday’s Fed move reinforces that prediction.

Strategists at Goldman Sachs, meanwhile, wrote in a note prior to the Fed meeting Wednesday that housing starts and home prices will crawl higher in the coming years, while existing home sales will remain flat. The bank has a no-recession scenario as part of its base case, which should keep prices propped up. 

This entry was posted in Housing Bubble, Mortgages, National Real Estate. Bookmark the permalink.

97 Responses to Room to run

  1. Chicago says:

    Frist

  2. grim says:

    This can’t be real, Blackstone needs to fire the entire corporate comms and marketing team.

    https://www.tiktok.com/t/ZT8uFLpBo/

  3. Hold my beer says:

    One trillion under management and they couldn’t hire Twice or blackpink or g idle to do that?

  4. grim says:

    I don’t get the link between the hippy schtick and “alternative”.

    Surely they aren’t confusing music genres, but trying to bridge the hippy counterculture to investment strategies? That might be an even worse snafu. Calling it self-parody is even worse, reeks of trying to save face. The circle jerk on LinkedIn is even harder to comprehend. “Great Job!” “Epic!” “I’m still humming 6 hours later!”

    Fuck us all, this is a sign of the apocalypse.

  5. 3b says:

    Citi is closing their municipal bond department and exiting the business by March of 2024. That’s a big blow. I am surprised they actually went through with it, considering all the big commercial banking relationships with NYS/NYC and other states and municipalities.

  6. 3b says:

    Arthur Burns , Jerome Powell.

  7. Very Stable Genius says:

    are you talking about Marc Rebillet?

    grim says:
    December 15, 2023 at 7:23 am
    I don’t get the link between the hippy schtick and “alternative”.

    Surely they aren’t confusing music genres, but trying to bridge the hippy counterculture to investment strategies? That might be an even worse snafu. Calling it self-parody is even worse, reeks of trying to save face.

  8. grim says:

    No, but suspect that even “Loop Daddy” would have been a better choice.

    Does David Solomon still DJ? Goldman can top this.

  9. 1987 Condo says:

    I guess the CEO likes it:

    “Go on tour like Taylor Swift, but a Blackstone version?! I love it!”

    — Steve Schwarzman, Blackstone’s co-founder and C.E.O., in the investment giant’s Taylor Swift-inspired holiday video. The cheekily self-aware clip explores the joys of alternative investing, and features executives like Jon Gray, its president, and lots of glitter.

  10. Fast Eddie says:

    Fuck us all, this is a sign of the apocalypse.

    Just one of many signs that the end is nigh.

  11. grim says:

    Is he the Montgomery Burns looking corpse they draped with the sequin smock?

    Looks fucking thrilled to be part of it. Couldn’t even be bothered to lose the obvious shirt and tie.

    Dragging Taylor Swift into it makes it even more confusing.

  12. Fast Eddie says:

    The moment the FED mentioned a pause and then cuts in 2014, Trulia and Zillow tacked 30K on to the price of my house. Like, literally overnight. If this doesn’t tell you that the Executive Branch calls the shots, nothing else will. Go ahead and elect President Vegetable again, political divide is nothing more than bread and circuses for the hoi polloi. If I got a few crumbs out of the deal then I can care less who’s farting in that chair. We’re nothing more than Mogadishu with the best weapons.

  13. Juice Box says:

    Grim – Wall St Billionaires. Gray runs the real estate portion which is the largest owner of commercial real estate in the world and they are still buying hand over fist, they have $200 Billion in cash to invest. You can bet the Fed signaling rate changes means they will be very busy.

  14. Juice Box says:

    My better half deals with them too so I showed her the video. She is going to ping her contacts to ask about the video as to whether they are in it and what the reception at the office has been. Again these are wall st financial nerds. This is as exciting as it gets…

  15. Juice Box says:

    Also Taylor Swift. Jon the real estate guy I mentioned has four daughters. You can bet he was that Dad front row at the Eras Tour, he is a billionaire many times over.

  16. Juice Box says:

    Jill Biden’s nonsense nutcracker dancers White House Christmas video was pretty cringe too.

    I wonder what else is out there.

  17. Juice Box says:

    Not to be outdone. Apollo Presents: No New Toys

    https://www.youtube.com/watch?v=OIVT1lTwrYg&t=12s

  18. Libturd says:

    Those holiday videos are awful.

    I’m happy just listening to my Japanese master wish me a happy a new year.

  19. Hold my beer says:

    I had to watch this as an antidote to those wall st videos

    https://youtu.be/JhcCBQXUYgM?si=aYmxMnQHMCvRYS08

  20. The Great Pumpkin says:

    Yup, rug pull cometh.

    “At the end of last year, investors thought recession was a done deal. The year before, they thought big tech would be immune to rate increases. And a year before that, they were convinced that paying high prices for stocks popular with the wider public would make them rich.

    This December, they believe, again with absolute conviction, that the economy is heading for a soft landing and lower interest rates. Maybe this time they will be right.

    Then again, maybe not. Being in the crowd is always an uncomfortable place for an investor, but agreeing with such a strong consensus is especially difficult, because if it turns out to be wrong, the punishment from the markets will be painful—just as it was in each of the past three years.

    The consensus that next year the Federal Reserve will be able to slash rates without facing recession was strong even before the central bank put out a dovish forecast on Wednesday. It got even stronger as a result of the Fed’s new “dot plot” of forecasts, with futures traders now putting a 16% probability on a rate cut as soon as next month and an 82% chance of a cut by March.”

    https://www.wsj.com/finance/stocks/beware-the-most-crowded-trade-on-wall-street-next-years-soft-landing-de101f35?mod=hp_lead_pos2

  21. The Great Pumpkin says:

    Early spring we should be in recession….otherwise, it’s a soft landing. Usually takes 17 months on avg when the yield inverts for the recession to come…so we will see.

  22. grim says:

    Not to be outdone. Apollo Presents: No New Toys

    Got to admit, I didn’t really understand this one. Feels like the kind of cryptic insider messaging you normally see with internal corporate initiatives.

  23. grim says:

    …along the lines of “99.4 in 2024!”

    No New Toys? Sounds like they are obsessed with trying to sell new shit at the detriment of selling the same old shit, and their CEO is bitching about it, so now it’s a thinly veiled cost cutting initiative.

  24. grim says:

    Apparently that yielded the exact same kind of linkedin circle jerk that blackrock did, or blackstone, whoever.

  25. grim says:

    What I wouldn’t give for a robot zuckerberg video to make today a trifecta of uncomfortable corporate holiday videos.

  26. Juice Box says:

    “I didn’t really understand this one”

    It’s a weak attempt to poke fun at the other shops that did the Toys “R” Us deal. Private-equity firms Bain Capital and Kohlberg Kravis Roberts, along with the real-estate firm Vornado Realty Trust, took over Toys “R” Us and drove it into the ground with cost cutting and other programs to make it profitable and loaded it tot the gills with debt. I don’t think they ever made their money back on that investment.

  27. Phoenix says:

    Boomer Remover says:
    December 15, 2023 at 8:03 am
    I thought it was dentists and attorneys?

    Guess not. Must be the lower insurance payouts affecting them, it takes a toll on ya.

  28. Phoenix says:

    F’n boomers. All the kids out there are saying that video slays.

    Hehe.

  29. Phoenix says:

    That’s one way to clear a room:

    This is the appalling moment a local politician let off three grenades in a village council meeting in Ukraine.

    The man, named as council representative Serhiy Batrin, 54, is seen entering the meeting late and standing by the door during a heated discussion at the session in Keretsk, in the Zakarpattia region.

    He is seen taking two grenades from his pocket as he begins talking, appearing irate.

    Holding a grenade in each hand, he then asks ‘may I’, before tossing them on the floor close to him and a seated woman council member.

    Footage catches the distressing moment of the explosion. The man detonated a third grenade, too, according to reports citing law enforcement.

  30. leftwing says:

    Out of both my options and shares of FCX. Shares 36s to tapping the door on 42 in a dozen trading days. Shit’s crazy, but I’ll take it….

  31. Juice Box says:

    Just got off our year end All Hands Holiday Zoom meeting. No cringe thankfully..

    We also had a Holiday Party this week in all of our offices worldwide. Biggest turnout at my office since I have joined. We have about 500 seats in our location. About 200 showed up, it was almost like pre March 2000 when every cubicle was occupied and people jockeyed for years to get a window seat. Party began at 4 PM. I stayed for an hour had one drink and then left to attend my son’s school Holiday event where he played Jingle Bells on his Saxaphone.

    I can spend all day today walking around the office and there will be only 1 person in the office ME. No salespeople waiting in the lobby, no receptionist, just me the guy who shows up on Friday and the cleaning service. There will be a further reckoning for office space. Nobody is going back full time.

  32. Phoenix says:

    Guess her landlord jacked up her rent too much.

    Woman, 35, dies after ‘plunging from luxury 36-story NYC high-rise’
    A police source said that the woman’s injuries indicated that she fell from an ‘elevated surface’

  33. 3b says:

    A 38 year old man in my town committed suicide; jumped off the Palisades.

  34. Juice Box says:

    3b – Many many people have jumped from there over the years. They should probably fence off the rest stops there. It’s too easy to pull up, get out of your car and get right to the cliff edge. I used to hike those trails, it is a great way to spend an afternoon, just have to keep an eye out for falling rocks.

  35. The Great Pumpkin says:

    Juice,

    Let the labor take a bat to the head, and then come talk to me.

  36. Libturd says:

    Our office is still empty too.

  37. 3b says:

    Juice: There was I believe one or two other people that have jumped from the Palisades this year. The guy that did it on Wednesday, dropped off his Son at school , and then went missing. From there they discovered that he had jumped. Very sad.

  38. 3b says:

    Lib: The train lot in my town still only has about 20/25 cars on the busy days, which appear to be Tuesday and Wednesday. Mondays and Fridays are only a handful.

  39. Juice Box says:

    Pumps you just don’t understand. I am on calls with people around the world all the time. The fact remains worldwide everyone is working from home for companies that are nowhere near their residence. They will never go to the office. My cousin who is in outside sales, almost never makes calls to office buildings anymore, nobody wants to meet in person. It’s all Zoom all the time.

  40. Phoenix says:

    WFH, online meetings, have their advantages, efficiency, no downtime. Imagine going into a meeting and doing this:

    For once, Vivek Ramaswamy wasn’t in a pissing match against other GOP presidential candidates. He was apparently peeing all on his own. (Check out the audio below.)

    The combative entrepreneur was heard using the bathroom on a hot mic during a conversation with Elon Musk, Alex Jones and other right-wingers in an X Spaces livestream Sunday.

    “Sorry about that, guys,” Ramaswamy said.

    This may be the Republican pee tape no one can deny.

    It took conspiracy monger Jones to call it out as a distinct tinkling sound emerged.

    “Someone’s got their thing open peeing!” Jones said. “Someone’s got their phone open in the bathroom.”

  41. Phoenix says:

    Nothing says American like taking a piss while handling a 10 million dollar deal.

    Well, maybe hookers and blow if you are Hunter Biden.

  42. The Great Pumpkin says:

    Because you have a bunch of people that have been at the company for years still driving the ship. Tell me what happens to LIb’s company after he leaves….they are f/ed. Some new guy that wants to WFH is going to replace him? Right…

    Companies are shooting themselves in the foot long-term, not because they want to, but because they have no choice but to give into employee demands due to a goldilocks employment that has been under 4% for years.

    Juice Box says:
    December 15, 2023 at 11:36 am
    Pumps you just don’t understand. I am on calls with people around the world all the time. The fact remains worldwide everyone is working from home for companies that are nowhere near their residence. They will never go to the office. My cousin who is in outside sales, almost never makes calls to office buildings anymore, nobody wants to meet in person. It’s all Zoom all the time.

  43. The Great Pumpkin says:

    It is as simple as that…prove me wrong.

  44. The Great Pumpkin says:

    Wait till how disoriented these companies become as they lose their golden boys, who are managing everything, decide to retire. What are you going to promote a lower rung worker that has never been in the office before to the run the ship? What could go wrong?!

  45. Libturd says:

    My wife goes in about once every other week. It’s supposed to be once every week, but there always seems to be something that prevents it. Whether it be idiot students blocking Penn Station, or her boss has bedbugs. Something seems to come up a lot.

    We had to take the D to swim lessons at 7:30 in Cranford, which is very important for autistic kids as they often drown for obvious reasons. Gator left the office at 4:30 to catch the 5:25 from Hoboken to Glen Ridge. She got to the WTC PATH by 4:50, got a seat in the Hoboken Train and watched as another Hoboken Train entered the station. No announcements. A few people who want seats left her PATH train to go to the other one, but everyone knows the train that arrives first leaves first. Well about 15 minutes later, still no announcements, the other train, half filled leaves the station. Five minutes later, another Hoboken train comes, and they turn off the lights in her train and say it’s now out of service. She ends up standing on the other train (not a big deal) but she doesn’t get out of the WTC until 5:30pm. She obviously misses the 5:25P NJTransit train and but miraculously catches the 5:56 train which leaves Hoboken at 6:05. She catches the town Jitney carrying 3 other passengers and walks in the door at 6:45pm. Two hours and fifteen minutes to go fifteen miles. Without traffic, you can make the drive in 35 minutes. Her commute in the morning, the old promised, 30 minute, one-seat ride from Montclair to Penn New York took over an hour from Glen Ridge, which is two stops closer than Montclair.

    So instead of her normally working from 8am until 5:30 pm, She worked from 9am until 4:30pm and spent nearly 4 hours on trains.

  46. Phoenix says:

    GP,
    You would be surprised how low of a “lower rung worker” some places are willing to promote.

    I’ve seen it first hand. It ain’t pretty. It’s usually the ones who gossip, can’t perform in physical situations, and take online college courses all day long getting degrees that look good in a resume.

  47. Boomer Remover says:

    I’m in Edgewater, and even I dread the commute into Manhattan. F that.

  48. Phoenix says:

    Trains should be like internet packets. Little cars that only hold two people, tell the computer where you want to go, it routes you there automatically.

    You can still have the efficiency of rail, which is the rail itself. Extreme low friction.

  49. Phoenix says:

    The commute from Edgewater should be a moving belt on a bridge with chairs attached.

    Even a ski lift would beat most public transit.

  50. Boomer Remover says:

    This is like a cross between Robo Taxi and The Boring tunnel, and just as far off into the future.

    I am halfway through the Isaacson Musk book – or as my seven year year old calls him Elon Mollusk – and I have to say that I underappreciated how a) personally involved he was in these projects, and b) how much of his own money was on the line. He’s still a tool tho.

  51. Very Stable Genius says:

    Second time I see a Maga pick up truck smashing parked car. Last time was in Madison and this time in Montclair.
    Overcompensating guys in oversized trucks which don’t fit NJ parking spaces. Both times driver stopped after hitting parked car, hesitant for a moment before quickly escaping

  52. Very Stable Genius says:

    don’t they have back up cameras?

  53. Phoenix says:

    Overcompensating guys in oversized trucks which don’t fit NJ parking spaces.

    Sure it was a guy?

    Plenty of women driving big trucks. Every other Jeep Wrangler has a female driver.

    Are they overcompensating?

  54. LAX says:

    12:42 you hate women.

    They probably don’t fancy you much either.

  55. The Great Pumpkin says:

    So how is your company going to move on from you? All your staff works from home, and they clearly don’t know what you do, because they can’t learn by example, since they never ever see what you do. So, what happens after you leave?

    Libturd says:
    December 15, 2023 at 12:13 pm
    My wife goes in about once every other week. It’s supposed to be once every week, but there always seems to be something that prevents it. Whether it be idiot students blocking Penn Station, or her boss has bedbugs. Something seems to come up a lot.

  56. The Great Pumpkin says:

    Now you are just an avg….what the hell do all these companies do, when they start to lose all the employees that run the ship? The people that have been there for years/decades. What do they do? How the hell do you train an individual that works from home? Zoom all day? A disaster is coming because of the selfishness of a generation that decided they didn’t need to go to work anymore…that it all can be done at home.

  57. The Great Pumpkin says:

    I am all ears….but I know the answer already.

  58. LAX says:

    12:49 they hire new people. Younger, smarter, more agile employees. Duh.

  59. Phoenix says:

    LAX says:
    December 15, 2023 at 1:01 pm
    12:49 they hire new people. Younger, smarter, cheaper employees. Duh.

  60. Phoenix says:

    LAX says:
    December 15, 2023 at 12:46 pm
    12:42 you hate women.

    They probably don’t fancy you much either.

    Naah, I just prefer the more feminine types compared to the ones you like.

    Not a Chuck Rhoades type like you.

  61. LAX says:

    1:11 they probably don’t like you much though.

  62. The Great Pumpkin says:

    Who trains them and how?

    LAX says:
    December 15, 2023 at 1:01 pm
    12:49 they hire new people. Younger, smarter, more agile employees. Duh

  63. The Great Pumpkin says:

    Some of these management jobs are so complicating, they can’t be trained without being mentored in person for years. Do you understand this?

  64. LAX says:

    I can see the ad now:

    Creepy Doctor seeks feminine companion for the Holidays.
    Must be docile and own costumes for cosplay. 973-xxx-xxxx

  65. LAX says:

    1:14 i do! I’m married to a mentor.
    She absolutely killed it this year. Was awarded a “Presidents Award”
    And was in the office an average of once a week.

  66. LAX says:

    …all while looking amazing…..being a great mom…

  67. Phoenix says:

    Good job by Musk:

    Elon Musk has plans to open a new university in Texas, according to tax filings.

    Bloomberg reported the filings show Musk donated $100m to his charity, The Foundation, to establish a primary and secondary Stem school in Austin – and later to seek accreditation from the Southern Association of Colleges and Schools Commission on Colleges for launching a university.

    The Foundation said the curriculum for the school and university would “combine formal instruction by experienced faculty in subjects such as mathematics, science, engineering and physics, alongside hands-on learning experience including simulations, case studies, fabrication/design projects, and labs”.

    The school initially aims to enroll 50 students, admitted based on merit.

    “The school does not want the inability to pay tuition or fees to be a barrier for students. Thus, if a student is admitted to the school, tuition and financial support will be provided to the extent of available resources,” the tax filing says.

    It adds that the school will primarily be funded through donations and tuition fees.

  68. Phoenix says:

    Fixed it for ya.

    LAX says:
    December 15, 2023 at 1:15 pm
    I can see the ad now:

    Creepy teacher seeks feminine student for the Holidays.
    Must be docile and own costumes for cosplay. 973-xxx-xxxx

  69. Libturd says:

    The sad truth is, in the vast majority of the corporate world, there are few training programs. Your manager hires you based on the qualifications and skill set you bring to the table. Your manager will assign you projects and tasks that fit. That mentoring can occur over Teams/Zoom just as well as in person. The vast majority of my day is spent prioritizing work and sending it to the employee with the best skills to complete the job. The rest of my day is spent reviewing the work they are performing.

    Do you know what Gator does when she gets to the city? She puts on her headphones and joins the same Teams meetings she would have joined at home. She works a minimum of two less hours a day and comes home exhausted. Today, I made her a really nice salad that she ate while she working. That is not allowed in her office.

    Ho hum.

    Last Friday, a job came in that required my 3 to 11 to work until 3 am. I saved the company 4 hours of overtime by allowing him to work from home. I also saved them his car service home from the city, his dry cleaning bill, etc. I offered him the overtime if he wanted to still start at 3pm and work a 12, but he chose some much needed family time over the really good money.

  70. Libturd says:

    I have no horse in the Musk race. Always felt Musk was an eccentric fool. Nonetheless, I’m sure you will have to take a job at one of Musk’s businesses in return for him paying your tuition.

  71. Phoenix says:

    Seems like Ukraine isn’t much different than Russia after all:

    With Ukraine’s military facing mounting deaths and a stalemate on the battlefield, army recruiters have become increasingly aggressive in their efforts to replenish the ranks, in some cases pulling men off the streets and whisking them to recruiting centers using intimidation and even physical force.

    Recruiters have confiscated passports, taken people from their jobs and, in at least one case, tried to send a mentally disabled person to military training, according to lawyers, activists and Ukrainian men who have been subject to coercive tactics. Videos of soldiers shoving people into cars and holding men against their will in recruiting centers are surfacing with increasing frequency on social media and in local news reports.

    The harsh tactics are being aimed not just at draft dodgers but at men who would ordinarily be exempt from service — a sign of the steep challenges Ukraine’s military faces maintaining troop levels in a war with high casualties, and against a much larger enemy.

  72. Very Stable Genius says:

    US has no business in Ukraine.
    Let Norway pay for it, they have biggest sovereign wealth fund in the world

  73. No One says:

    People keep wanting me in the office hoping that my genius will rub off on the younger people through magical osmosis as they bump into me walking to and from my desk and the water cooler or bathroom.
    Meanwhile, those same younger people don’t bother much to read or respond to my actual work, lengthy pieces of actual investment research.
    I keep on telling the pro-return to office folks, our work is done all in writing on purpose. Hanging out with people doesn’t teach them to think. Having us hear each other typing or talking on the phone only distracts us. They’ve got 500 connections on social media but they are too intimidated to ask questions of or comment on public work discussions?

  74. BRT says:

    Ukraine has been doing this for a year. They are only talking about it now because they have outlived their usefulness and the world is about to abandon them, but they need to put on the PR show as to why first.

  75. BRT says:

    When I started teaching, I sought out the guidance and picked the brains of three teachers in their 60s. Probably the best move I ever did as it helped me navigate through all the turns of this job with ease.

  76. The Great Pumpkin says:

    Lib/no one/ex:

    I agree to disagree.

    I am teacher, I know human beings well. I think it’s pretty insane that you think the next generation can easily replace the previous generation with zero mentorship/role models. People learn by example. Monkey see, monkey do. The fact that this older generation, that is supposed to be teaching the next generation, thinks selfishly that I can do my job at home….aka who gives a f/k about teaching the next generation or setting a nice example for the next generation….is a major future problem. A price will be paid.

    Just look at the damage done to children with LFH (learn from home) schooling. But but but, it’s not the same….right.

    So don’t bitch in retirement when companies are all disorganized and providing a chitty service/product…you asked for this…you selfishly chose work/life balance over doing your f/ing job. Human nature is a biatch.

  77. The Great Pumpkin says:

    What’s next…..parents that communicate and parent from zoom? Here, son….here is an apartment. Anything you need, just zoom, and I will assist. There is no need for you to live in the same house as me, it can easily be done over zoom.

  78. Bystander says:

    “I am all ears….but I know the answer already.”

    Hello? Can you hear me? I only hear the wind whistling between your ears.

    It is called Confluence, Coursera and Intranet documentation, dhingus. I took over application this summer and immediately had to provide new global IAM for it. I got a 160 page policy manual and email address to send the final config file. Sink or swim..welcome to the world.

  79. chicagofinance says:

    left: helped two kids get offers from Cornell. Just found out last night. Not sure whether I’ve helped or harmed though given recent events…… great people…. the best…

  80. The Great Pumpkin says:

    And you wonder why your company is a disaster….thanks for proving my point.

    Bystander says:
    December 15, 2023 at 3:03 pm
    “I am all ears….but I know the answer already.”

    Hello? Can you hear me? I only hear the wind whistling between your ears.

    It is called Confluence, Coursera and Intranet documentation, dhingus. I took over application this summer and immediately had to provide new global IAM for it. I got a 160 page policy manual and email address to send the final config file. Sink or swim..welcome to the world.

  81. Bystander says:

    Vornado is a disaster. My company is just cheap except for the top. The type of “training” existed well before COVID, dummy. Confluence is used by everyone as a training/information sharing tool. You would not know this bc you have zero sense of private sector.

  82. The Great Pumpkin says:

    By,

    Just own it. You are selfish and don’t want to leave your house for work. That’s the bottom line for any pro-wfh. Again, elon musk blasts and mocks WFH. Tell him how wrong he is.

  83. JUice Box says:

    re: “US has no business..”

    I know it’s been 20 years but have you forgotten?

    https://www.youtube.com/watch?v=LasrD6SZkZk

  84. JUice Box says:

    Confluence is the new SharePoint where documents go to die.

    I think I posted about 20 docs in the last month already. Nobody reads them!!

  85. Juice Box says:

    re: Ukraine conscription

    Russia has been sending out of shape middle aged men to fight. Their losses are massive, estimates are over 315,000 injured or KIA. They also have conscripted all MEN in the occupied territories, it is go fight against your countrymen or go to jail or worse. Ukraine causality numbers have to be similar too.

    It’s now a winter slog on frozen ground they are losing thousands on both sides every week fighting for just a few kilometers of ground. This will go on for many more years both sides are firing massive amounts of shells every day. Unless a ceasefire or change in leadership on either side the losses could be in the millions of injured or dead in another year.

    https://njrereport.com/index.php/2023/12/15/room-to-run-2/#comment-1303551

  86. Phoenix says:

    Hehe. Look at that number. Sure they won’t collect all of it but they were only, only asking for a paltry 47 million.

    Rudy Giuliani must pay two Georgia poll workers who sued him for defamation $148 million after he falsely accused them of helping to steal the 2020 presidential election from Donald Trump.

    The former New York mayor and ex-Trump lawyer has been on trial since Monday in federal court in Washington, where Ruby Freeman and Wandrea ArShaye “Shaye” Moss filed a lawsuit against him asserting that his baseless claims in December 2020 destroyed their reputations and exposed them to a torrent of vicious threats and insults.

    The eight-person jury was only required to weigh how much Giuliani should pay the women in damages after the federal judge in the case issued a default judgment against Giuliani in August based on his admissions and failure to turn over evidence in the case. Moss and Freeman had sought up to $47 million in damages.

  87. Phoenix says:

    Juice,
    Men are disposable. Don’t hear many feminists crying about it or rushing to join in.

    Juice Box says:
    December 15, 2023 at 4:53 pm
    re: Ukraine conscription

    Russia has been sending out of shape middle aged men to fight. Their losses are massive, estimates are over 315,000 injured or KIA. They also have conscripted all MEN in the occupied territories, it is go fight against your countrymen or go to jail or worse. Ukraine causality numbers have to be similar too.

  88. Phoenix says:

    He has been watching to much Matt Rife.

    An 85-year-old man accused of killing his 81-year-old wife in their D.C. home last weekend told a homicide detective that he stabbed her with a carving knife during an argument over whether he should have pancakes for breakfast, according to a police affidavit.

  89. Very Stable Genius says:

    BREAKING NEWS!
    A jury ordered Rudy Giuliani to pay $148 million for spreading lies that two election workers committed fraud in 2020.

    Friday, December 15, 2023 PM ET

  90. Phoenix says:

    I guess you could, if you don’t mind paying child support to your own sister when she needs money and decides to go after you legally.

  91. Phoenix says:

    “My sister asked me to be a sperm donor for her and her wife – but I refused because I find it creepy
    The unnamed man, believed to be from the US, took to Reddit to share his story
    He explained that his sister and her wife want to conceive using a sperm donor”

  92. LAX says:

    Giuliani: Do you take checks!?

  93. Bystander says:

    Would happily leave my house, dipshit but then I work 9-5 and the company collapses. Get lost. WFH is a major production boost. Sorry your alpha wife gets hurt…well not really.

  94. The Great Pumpkin says:

    https://youtu.be/uCGD9dT12C0?si=046V91_XZIOB-i9J

    Tell me sweet little lies!

    Bystander says:
    December 15, 2023 at 7:09 pm
    Would happily leave my house, dipshit but then I work 9-5 and the company collapses. Get lost. WFH is a major production boost. Sorry your alpha wife gets hurt…well not really

  95. Libturd says:

    Confluence.

    We use it too. I agree. It is where documents go to die.

    I’ll tell you something incredulous. I was the primary driver of the development of our companies job management systems. We built it ourselves around 2002/2003. Initially, it was meant to allow our digital files to travel with the job information allowing us to track all changes, who requested them, time stamps, chain of custody, etc. Along with all of this, I also specked out a non-conformance module that tracked all errors, corrective actions, etc. The beauty of it was not the six sigma/lean garbage, but I wanted the JMS to remind the workers when working on a repeat project of the errors made in the past to ensure they would not be repeated. Heck, just knowing to put greater focus and care on jobs we erred on in the past could work miracles for client retention. But the company was not interested in this feature. Just the corrective action and measurability of our errors. So when someone said Confluence is where SharePoint docs go to die. I had to laugh. It’s incredibly true.

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